505 Orange Ave Sarasota, FL 34236
- Office Properties & Spaces
- 1,850 SF
- 0.04 lot acres
Current Use by Public Records
- Mc Cormack Thomas / Acupuncture Clinic
- Cayuga Hospitality Consultants / Restaurant / Consultant
- Quantum Consultancy, LLC / Engineering Consultant
- Fyzical Offices / Business Development Service
- Environmental Science Associates / Environmental Consultant
Property Details for 505 Orange Ave
- Year built
- 2007
- Lot size
- 0.04 lot acres
- Property size
- 1,850 SF
- Zone code
- DTC
- Property type
- Office Properties & Spaces
- APN
- 2027-10-4001
- APU
- 2027104001
Description
This exceptional investment opportunity presents a two-story, 3,863-square-foot Class B office condo located at 505 S. Orange Ave., Sarasota, FL 34236. Built in 2007, this property boasts a desirable Downtown Core (DTC) zoning, ensuring high visibility and accessibility within the thriving Sarasota market. Currently, a triple-net (NNN) lease is in place, expiring June 30th, 2027, and yielding a 6.00% capitalization rate. The asking price is $1,525,000, translating to $394.77 per square foot. The property is suitable for various office uses, including traditional and creative office spaces. A significant advantage is the inclusion of 13 covered, secured parking spaces. This versatile property offers a compelling investment opportunity for those seeking a strong return in a prime Sarasota location. The property can be purchased as an investment or delivered vacant upon lease expiration. Its modern design and strategic location make it an attractive option for investors looking to capitalize on the robust Sarasota real estate market. Don't miss this chance to add a high-value asset to your portfolio.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Longitude
- -82.5382
- Latitude
- 27.3323
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
